Finland

The Finnish solar manufacturer must raise €3.5 million from a convertible bond issued on Monday and which closes on December 18. Generate the cash and production is expected to start at the Solitek facility in Vilnius early next year. Fail, and (almost) all bets are off.

Research from Finland’s Aalto University claims the residential cooling sector could sustain 540 GW of solar generation capacity if the world’s air conditioning systems were solar powered. Academics say synergies between PV and the cooling industry will become stronger as demand for the latter shifts nearer the equator, where seasonal differences in weather are less pronounced.

The levelized cost of energy produced by large scale PV projects ranges from €24/MWh in southern Spain to €42/MWh in Finland. New research states that is already cheaper than the average spot market electricity price and that the figure for big facilities in southern Spain may fall to €14 in 2030 and €9 in 2050.

After the bombshell news this week, the Italian inverter manufacturer’s CEO spoke to pv magazine about the future of ABB’s R&D hubs, manufacturing sites, hundreds of employees and of course Fimer’s outlook.

An investor tool examining the coal fleets of major global power companies has offered up analysis which flies in the face of arguments solar and wind generation could help turn around the debt-saddled South African utility.

Joining the growing club of European countries setting carbon neutrality deadlines, new Danish PM Mette Frederiksen has announced her administration will look at reducing greenhouse gas emissions by 70% by 2030.

Leaving with a last hurrah, Brexit casualty prime minister Theresa May has announced a statutory instrument to amend the Climate Change Act of 2008. The law currently prescribes an emissions cut of 80% by 2050, from a 1990 baseline. The new law will aim for net zero emissions by 2050, making the U.K. the first G7 nation to pass such legislation.

Climate change and environmental protection were a top priority for the elections held in April. With solid green backing from the electorate and an ambitious domestic agenda, Finland is due to assume the EU presidency from Romania. Across the EU green parties are gaining ground but the bloc has yet to draft a comprehensive climate protection bill. Finland’s ambition could change that.

Finnish clean-energy company Fortum has achieved a lithium-ion battery material recycling rate of over 80% — against what it says is a current rate of 50% — with a low-carbon hydrometallurgical recycling process.

The Finnish PV equipment provider and the Lithuanian PV panel maker will manufacture IBC solar cells at Solitek’s factory in Vilnius with an initial production capacity of 60 MW.